Almaty, 28 December 2012. Today Eurasian Development Bank (EDB) placed its tenge bonds (KZP01Y05E384) in Kazakhstan to the tune of KZT 9.9 billion. The bonds have a coupon rate of 6.25% p.a. and mature in 2017. They were placed through a special auction at the Kazakhstan Stock Exchange (KASE). Moody’s assigned an A3 rating to this issue
The fourth tranche of the Eurasian Economic Community
(EurAsEC)’s
Funds will be used to finance energy saving projects.
Almaty, 25 December 2012. Eurasian Development Bank (EDB) signed today a supplementary loan agreement with Centr-Invest Bank, under which it will increase the loan facility for financing energy saving projects of the clients of this Rostov-based bank by RUR 150 million
Almaty, 21 December 2012. Eurasian Development Bank (EDB) and HSBC Bank plc signed a bilateral loan agreement pursuant to which EDB will receive a loan of US $40 million
The Eurasian Development Bank (EDB) will raise up to $40 million for the programs in the financial sectors of its participating states
Ben Aris in Moscow
At the start of December a distinguished crowd gathered on
the edges of the Kazakh capital Astana to watch President Nursultan Nazarbayev
cut the ribbon on a new electromotive plant that the central Asian republic
hopes will make it a key player in the fast growing transport sector
Almaty, 20 December 2012. The international rating agency Moody’s Investor Services assigned a rating of A3 to Eurasian Development Bank’s (EDB) first issue of tenge bonds and the bond programme as a whole.
The first issue (KZP01Y05E384) to the tune of up to 20 billion tenge is expected to be placed before the end of this year. The funds will be used to finance the Bank’s investment projects in Kazakhstan
Almaty, 20 December 2012. Imports from third countries account for 70% to 90% of all mechanical engineering products sold in the EDB member states and this figure keeps growing. This is a conclusion made in Eurasian Development Bank’s (EDB) industry report Developing Mechanical Engineering in the EDB Member States. The authors of the report believe that the main reason for this is the low technological level and low efficiency of production. Average labour productivity at mechanical engineering enterprises in the region is several times lower than in the countries that are global leaders in mechanical engineering
The international rating agency Moody’s Investor Services assigned a rating of A3 to Eurasian Development Bank’s (EDB) first issue of tenge bonds and the bond programme as a whole, the press service of the bank reports